Iraq holds 66.8% of US bonds in March

16 May 2019 01:56 PM


Mubasher: Iraq raised its ownership of US debt instruments by 66.8 percent during the month of March last year on an annual basis.

According to US Treasury data, Iraq's holdings of US Treasuries reached $ 36.2 billion, compared to$ 21.7 million in the same month last year.

On a monthly basis, Iraqi ownership of US debt instruments rose 4.3 percent from the previous month to $ 34.7 billion.

Iraq ranked fourth among the Arab countries on the list, after the first Saudi Arabia worth 170 billion dollars, the UAE about 55.6 billion dollars, and Kuwait with 40.2 billion dollars.

China was the top US debt holder with $ 1120.5 billion, followed by Japan with $ 1078.1 billion.